Materion Corp reports results for the quarter ended in September - Earnings Summary

Materion

01/11/2023 13:31

* Materion Corp  MTRN.N  reported quarterly adjusted
earnings of
$1.51​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of $1.19.  The mean expectation of five analysts for the quarter
was for earnings of $1.42 per share. Wall Street expected
results to range from $1.38  to $1.45 per share.
    * Revenue fell 5.9% to $403.07 million from a year ago;
analysts
expected $403.18 million. 
    * Materion Corp's reported EPS for the quarter was $1.27​.
    * The company reported quarterly net income of $26.56
million.
    * Materion Corp shares had fallen by 4.8% this quarter and
gained 10.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
mining &
metals peer group is also "buy"

Wall Street's median 12-month price target for Materion Corp is
$131.50 
This summary was machine generated from LSEG data November 1 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.42           1.51           Beat
 Jun. 30 2023      1.36           1.38           Beat
 Mar. 31 2023      1.25           1.34           Beat
 Dec. 31 2022      1.34           1.49           Beat